October 17, 2024 – Langeais, France – Sylvan, a major player in fungal biotechnology, has announced its plan to acquire EuroMycel, a French Agaricus mushroom spawn producer, from Bonduelle. This acquisition aims to enhance Sylvan’s production capabilities in Europe, supporting their growing demand for spawn products. The deal is set to close by the end of 2024, pending legal and administrative approvals.

With this acquisition, Sylvan will gain access to EuroMycel’s additional production capacity, which is important for the implementation of Sylvan’s Strategy 2028. This strategic plan emphasizes the commercialisation of innovative mushroom strains and advanced fungal solutions. EuroMycel, renowned for its high-quality Agaricus strains and expertise in grain-based spawn production, will help Sylvan serve a broader European market.

Iwan Brandsma, CEO of Sylvan Europe and Group Chief Growth Officer, shared his enthusiasm:

“We are excited to welcome Frédéric and the EuroMycel team to the Sylvan organisation. The company has built an excellent reputation as a supplier of reliable high-performance spawn, and they will continue to operate independently under the existing leadership team. We cannot wait to start the process of sharing scientific knowledge and expertise across the businesses.This acquisition is a significant step forward in the delivery of our Strategy 2028 ambitions.”- Iwan Brandsma, CEO Sylvan

EuroMycel, founded in 1998, was acquired by Bonduelle in 2010. It has since grown into a key player in the European market, known for its reliable spawn production. Frédéric Mathieu, EuroMycel’s Managing Director, expressed optimism.

“Under the leadership and unwavering support of the Bonduelle Group, a remarkable 14 years of EuroMycel’ s history is closing. The executive team is excited to continue the positive development of the business alongside Sylvan, the world number 1 in mushroom spawn production. This transaction will support the ongoing growth of the L’Île Bouchard plant. Our shared vision and R&D capabilities will bring even greater opportunities to our clients and our employees.”– Frédéric Mathieu